The Share Wealth Systems Facebook page has just been launched, be sure to like our page to receive notification of new posts on your Facebook wall. Simply click the Facebook icon or Like button in the top right menu. When trading and investing, one can not know in advance which trades will be successful. We…
Most of us like to have a laugh at some of the more clever things floating around the internet, so this week we’ve dug out a Trading song that’s been recently doing the rounds. Respected author and fellow trend follower, Ed Seykota has produced a song with his band called “The Whipsaw Song”. Ed’s and…
Nature has many cycles that are not controlled by mankind. But man’s response to these events can differ greatly in degree and that intensity of degree is determined by how it may or does affect us as individuals. People have difficulty keeping a neutral perspective on an event, regardless of what it is, and hence…
Active investment in the stock market is very different to passive investing and hence requires a different mindset and different skill set for decision making. Successful active investment requires patience, knowledge, objectiveness, consistency and amongst other things trust in your investment approach. So with a new financial year upon us, I have identified my ‘10…
As soon as one can accept that trading is a business of accepting losses, the sooner consistent success will come. Losing trades are like breathing, you have to have them in order to stay alive. None of us can ever hope to be right all the time in anything that we take on. This is…
People from all walks of life are drawn to trading for many different reasons – a desire to do something for their financial future, to work for themselves, to build an investment portfolio for future generations, to generate cash flow, and a host of other valid reasons which are personal for each and every one…
This week we look at a trading discipline that is a bit more ‘out there’ than the mental and technical discipline we have discussed in the previous two posts, that of physical discipline. The trading environment can be a stressful and tense place for some traders and investors – perhaps more for the short term…
This week we take a look at the second core component of trading discipline – the area I call technical discipline. Trading and investing approaches vary but at the very least you need a process for choosing what stocks to buy and when to sell. Because you have accepted that “no-one knows with 100% certainty…
When it comes to trading, discipline comprises of three core components: Mental, Technical and Physical discipline. The trading fraternity often talks about discipline being a requirement to be a successful trader so over the next 3 weeks I am going to examine discipline in each of these areas and discuss what is involved with each…
Something that is a given when trading the markets is loss trades. But it’s the lessons learnt from these losses that go far beyond the money lost during unfriendly market periods. How well traders and investors put steps in place to ensure that their long term performance can be enhanced is dependent on the degree…